Abbott Laboratories (ABT) stock price declined in its latest intraday trading after encountering resistance at its 50-day SMA, which exposed the stock to negative pressure. This performance came after the Stochastic indicators reached deeply overbought levels, while the main bearish trend continues to dominate in the short term, with the stock moving alongside a secondary trend line supporting this path.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $97.00 resistance level, targeting the first support level at $85.00.

Todays price forecast: Bearish.